Cyberpunk 2077

Management Board Report on CD Projekt Capital Group Activities: H1 2015

The first half of 2015 marked a period of unprecedented financial and operational success for the CD Projekt Capital Group, primarily catalyzed by the global launch of The Witcher 3: Wild Hunt.

• The release of The Witcher 3: Wild Hunt drove record financial performance in H1 2015, with consolidated revenues reaching 512.6 million PLN and net profit surging to 236.3 million PLN from 4.7 million PLN in H1 2014.
• The Witcher 3: Wild Hunt sold over 6 million copies within the first six weeks of its May 2015 launch.
• The company achieved a debt-free balance sheet and 164.2 million PLN in cash assets, providing the capital necessary to fund the ongoing development of Cyberpunk 2077.

CD PROJEKT Capital Group Condensed Interim Consolidated Financial Statement: H1 2015

The CD PROJEKT Capital Group experienced a period of transformative financial growth during the first half of 2015, primarily driven by the successful global release of The Witcher 3: Wild Hunt in May.

• CD PROJEKT net revenues surged to 512.6 million PLN in H1 2015, up from 74.6 million PLN in the same period of 2014, driven by the May release of The Witcher 3: Wild Hunt.
• The company recorded a net profit of 236.3 million PLN for the first half of 2015, resulting in basic earnings per share of 2.49 PLN.
• Financial stability is supported by an active development pipeline featuring Cyberpunk 2077 and upcoming expansion packs for The Witcher franchise.

Management Board Report on CD PROJEKT Capital Group Activities: 2014

During 2014, CD PROJEKT Capital Group underwent a significant strategic transformation, pivoting away from local distribution to focus exclusively on global videogame development and digital distribution.

• CD PROJEKT executed a strategic pivot in 2014 to focus exclusively on global game development and digital distribution, divesting its stake in the domestic subsidiary cdp.pl.
• Consolidated sales revenue declined by 32% in 2014, primarily due to the exclusion of cdp.pl and a heavy shift toward R&D investment for The Witcher 3 and Cyberpunk 2077.
• The company maintained a debt-free balance sheet with 34.4 million PLN in cash, financing its entire development pipeline through internal resources and advance royalty fees.

CD PROJEKT Capital Group Financial Statement 2014: President of the Board's Address

The 2014 financial address for CD PROJEKT Capital Group outlines the organization's strategic transition toward global market dominance, anchored by the impending release of The Witcher 3: Wild Hunt.

• CD PROJEKT funded the simultaneous development of The Witcher 3: Wild Hunt, Cyberpunk 2077, and multiple mobile projects entirely through internal capital, maintaining a debt-free financial structure.
• The company divested its controlling stake in domestic distributor cdp.pl, reducing its interest to 8.29% to shift focus from local distribution toward international expansion.
• By the end of 2014, CD PROJEKT secured 17 distribution agreements covering 109 countries for the launch of The Witcher 3: Wild Hunt.

Condensed Interim Consolidated Financial Statement: CD Projekt Capital Group Q3 2014

The CD Projekt Capital Group’s financial position as of the third quarter of 2014 reflects a transitional period characterized by heavy investment in future intellectual property and strategic operational restructuring.

• CD Projekt Capital Group reported 110.75 million PLN in revenue and a 1.62 million PLN net profit for the first nine months of 2014, despite a 3 million PLN net loss in Q3.
• The company is in a high-expenditure phase, prioritizing development and global marketing for The Witcher 3: Wild Hunt and Cyberpunk 2077.
• As of September 30, 2014, the group held 265.91 million PLN in total assets and a cash position of 45.05 million PLN.

CD PROJEKT Capital Group Condensed Interim Consolidated Financial Statement: H1 2014

The CD PROJEKT Capital Group’s financial performance for the first half of 2014 reflects a period of significant transition characterized by increased revenue alongside rising operational costs.

• Net sales for H1 2014 grew to 74.6 million PLN from 63.1 million PLN in H1 2013, driven by GOG.com and domestic publishing.
• Net profit declined to 4.62 million PLN from 7.71 million PLN in the prior year due to heavy development investment in The Witcher 3: Wild Hunt and Cyberpunk 2077.
• Total assets increased to 262.9 million PLN by mid-2014, supported by real estate divestment and credit restructuring with mBank S.A. to improve liquidity.

CD PROJEKT Capital Group: President of the Board's Address to Shareholders 2013

The CD PROJEKT Capital Group maintained profitability and positive cash flow throughout 2013, despite a lack of major game releases during the fiscal year.

• CD PROJEKT maintained profitability and positive cash flow in 2013 despite having no major game releases during the fiscal year.
• The company delayed the release of The Witcher 3: Wild Hunt to February 2015 to prioritize technical excellence and product quality.
• Development for The Witcher 3: Wild Hunt and Cyberpunk 2077 was entirely self-financed by the organization.

CD PROJEKT Group Financial Results: H1 2013

The CD PROJEKT Group’s financial results for the first half of 2013 reflect a transitional period characterized by a shift in revenue composition following the prior year’s release of The Witcher 2: Enhanced Edition.

• CD PROJEKT Group reported H1 2013 total sales revenue of 63.06 million PLN and a net profit of 7.71 million PLN, representing a decline from the 71.44 million PLN revenue and 13.81 million PLN profit recorded in H1 2012.
• The digital distribution segment, led by GOG.com, achieved a twofold increase in sales revenue compared to the first half of 2012, reflecting a successful shift toward digital market trends.
• The game development segment shifted focus toward production for future titles, specifically The Witcher 3: Wild Hunt and Cyberpunk 2077, alongside the initiation of two smaller high-quality projects.

CD PROJEKT Capital Group Financial Result: Q1 2013

The CD PROJEKT Capital Group’s financial results for the first quarter of 2013 demonstrate significant growth across its core business segments: videogame development, global digital distribution, and domestic distribution.

CD Projekt Capital Group Operation Management Report 2012

The 2012 Operation Management Report for the CD Projekt Capital Group details a year of significant commercial growth and strategic expansion, driven primarily by the successful release of The Witcher 2: Assassins of Kings Enhanced Edition.

• CD Projekt Capital Group achieved a consolidated revenue of 164,040 thousand PLN and a net profit of 28,125 thousand PLN in 2012.
• The Witcher franchise served as the primary revenue driver, moving 1,587,000 units during the 2012 fiscal year.
• The company significantly improved its balance sheet by reducing outstanding loans and credit liabilities by 65% compared to the previous year.

Consolidated Financial Statement of the CD PROJEKT Capital Group for the Financial Year 2012

The 2012 consolidated financial statement for the CD PROJEKT Capital Group demonstrates a period of robust financial growth and strategic consolidation for the Warsaw-based organization.

• CD PROJEKT Group reported 164.04 million PLN in sales revenue for 2012, an increase from 136.21 million PLN in 2011, with a net profit of 28.13 million PLN.
• The company significantly improved its liquidity by reducing total credits and loans from 13.40 million PLN in 2011 to 4.75 million PLN in 2012.
• Major partnerships with Empik Sp. z o.o. and Warner Bros Home Entertainment Inc. were critical to the group's success, with each entity accounting for over 10% of total consolidated sales.

CD PROJEKT Group: 2012 in Retrospect and Business Strategy Update

CD PROJEKT Group demonstrated robust financial health during the 2012 fiscal year, recording a 20 percent increase in sales revenue to 164.04 million PLN alongside a net profit of 28.13 million PLN.

• CD PROJEKT Group reported 164.04 million PLN in sales revenue for 2012, representing a 20 percent year-over-year increase, alongside a net profit of 28.13 million PLN.
• The company transitioned to a dual-project development model to simultaneously produce two AAA titles: The Witcher 3: Wild Hunt and Cyberpunk 2077.
• The business strategy relies on the proprietary REDengine 3 technology to develop high-fidelity, open-world RPGs optimized for next-generation hardware.